Expercoin (PreICO)

4.2/5.0

Harvard-incubated Experfy (www.experfy.com) runs an AI-focused community of 30,000 data scientists to help Fortune 500s mentor and upskill their employees and also hire expert freelancers on-demand. Witnessing a growth in demand for its platform, Experfy seeks to exponentially expand the impact of its business vision through the launch of a new entity called Expercoin. Expercoin intends to build one of the world’s largest decentralized networks of marketplaces called Republics, with a charter to advance learning and create jobs for the digital economy. By leveraging Experfy’s infrastructure trusted by Fortune 500s and powered by AI and Blockchain, anyone can create a specialized community with marketplaces for training, assessments, mentorship and jobs. For instance, there can be a “Republic of Smart Manufacturing,” “Republic of Nanotechnology,” “Republic of Blockchain in Finance." Republics are operationalized using smart contracts, open protocols.

About Expercoin

Serving Fortune 500 clients with demonstrable success, Experfy is an on-demand AI consulting and training marketplace with 30,000 experts that first debuted on March 31, 2014. TechCrunch wrote in its headline: “Harvard-Backed Experfy Wants to Create a McKinsey in the Cloud for Big Data Talent”[1] and the one from Forbes, “Harvard-Backed Startup Experfy Launches to Match Top Data Talent with Thousands in Freelance Cash,”[2] both encapsulated the mission of the platform on the day of our launch. Roughly a year later, Datanami observed the platform’s dramatic growth with the headline, “Experfy: The Uber of Big Data Projects,”[3] while The Wall Street Journal announced that the Experfy had raised $1.5 million in seed funding in a round led by Peter Diamandis.[4] Recently, in May 2017, recognizing Experfy’s both consulting and training offerings, Gartner named Experfy a “Cool Vendor in Data Science and Machine Learning.”[5] Experfy’s clients include Macy’s, Deloitte, PwC, McKesson, Cigna, Tata, Gulf, Vistaprint, Keurig Green Mountain, The Food Group, UC Davis and Federal Reserve Bank of San Francisco, among others.

To foster an ecosystem that is open, decentralized and highly scalable, Experfy believes it must create a series of new products, services, and systems. However, building a decentralized system is a complex process, and the transition to it must be done in a responsible manner over time. We believe the Ecosystem will establish a new protocol that will allow individuals and organizations to create and launch new marketplaces for different areas of specialization.

Educators serious about preparing students to enter the workforce; employers scrambling to upskill their employees; and experts dissatisfied with 9-5 work regimes are all beginning to recognize the limitations of slow-moving centralized organizations. These organizations are operating on learning and employment models that were devised over a hundred years ago. The future of education and work is clear. Education will be skills-based—employers care little about degrees—while work will be increasingly distributed and performed by teams of specialized experts from around the globe.

Our vision is that anyone seeking to make an impact in a particular area of specialization should be able to leverage a mature technology stack and launch a decentralized platform to reinvent both education and work for that specialization. According to Harvard Business School professor Clayton Christensen, half of all American colleges are bound for bankruptcy in the next few decades. By launching a large number of learning platforms and integrating them with relevant work experiences, we hope to bring about a meaningful change in an industry facing disruption.

Team

Harpreet Singh

Founder and Co-CEO, Experfy Harvard-trained PhD

Sarabjot Kaur

Founder and Co-CEO, Experfy Citigroup, Fidelity, State Street

Jothi Periasamy

Head of AI and Data, Experfy Managing Director, KPMG Learning Facilitator for MIT